Led Lighting Market in South Korea 2024-2028

Led Lighting Market In South Korea 2024-2028


The led lighting market in south korea is forecasted to grow by USD 2211 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the led lighting market in south korea provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising need for LED lighting in hazardous areas, growing demand of LED lighting in automotive sector, and growing number of households and urbanization.

Technavio's led lighting market in south korea is segmented as below:
  • By Application
  • Residential
  • Commercial
  • Industrial
  • Outdoor
  • Others
  • By Product
  • LED lamps
  • LED luminaires
  • By Geographical Landscape
  • APAC
This study identifies the growing traction for intelligent lighting systems as one of the prime reasons driving the led lighting market in south korea growth during the next few years. Also, rising use of CSP LED lighting in industrial applications and integration of LED lighting with renewable energy will lead to sizable demand in the market.

The report on the led lighting market in south korea covers the following areas:
  • Led lighting market in south korea sizing
  • Led lighting market in south korea forecast
  • Led lighting market in south korea industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading led lighting market in south korea vendors that include Acuity Brands Inc., ams OSRAM AG, ANYLUX Co. Ltd., Backsan LNT Co. Ltd., DSE Co. Ltd., Eaton Corp plc, Everlight Electronics Co. Ltd., Hubbell Inc., Hwashin Korea Co. Ltd., Koninklijke Philips N.V., Korea LED and Equipment Co. Ltd., LG Innotek Co. Ltd., Lumileds Holding BV, Nanoleaf Canada Ltd., Nichia Corp., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., Zam Co. Ltd., and Zhejiang Future Lighting Co. Ltd.. Also, the led lighting market in south korea analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Chart on South Korea: Year-over-year growth 2023-2028 (%)
Data Table on South Korea: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 LED Lighting Market in South Korea 2018 - 2022
Historic Market Size - Data Table on LED Lighting Market in South Korea 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
6.3 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ million)
Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.4 Commercial - Market size and forecast 2023-2028
Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Chart on Commercial - Year-over-year growth 2023-2028 (%)
Data Table on Commercial - Year-over-year growth 2023-2028 (%)
6.5 Industrial - Market size and forecast 2023-2028
Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Chart on Industrial - Year-over-year growth 2023-2028 (%)
Data Table on Industrial - Year-over-year growth 2023-2028 (%)
6.6 Outdoor - Market size and forecast 2023-2028
Chart on Outdoor - Market size and forecast 2023-2028 ($ million)
Data Table on Outdoor - Market size and forecast 2023-2028 ($ million)
Chart on Outdoor - Year-over-year growth 2023-2028 (%)
Data Table on Outdoor - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Product
7.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
7.3 LED lamps - Market size and forecast 2023-2028
Chart on LED lamps - Market size and forecast 2023-2028 ($ million)
Data Table on LED lamps - Market size and forecast 2023-2028 ($ million)
Chart on LED lamps - Year-over-year growth 2023-2028 (%)
Data Table on LED lamps - Year-over-year growth 2023-2028 (%)
7.4 LED luminaires - Market size and forecast 2023-2028
Chart on LED luminaires - Market size and forecast 2023-2028 ($ million)
Data Table on LED luminaires - Market size and forecast 2023-2028 ($ million)
Chart on LED luminaires - Year-over-year growth 2023-2028 (%)
Data Table on LED luminaires - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Acuity Brands Inc.
Acuity Brands Inc. - Overview
Acuity Brands Inc. - Business segments
Acuity Brands Inc. - Key offerings
Acuity Brands Inc. - Segment focus
11.4 ams OSRAM AG
ams OSRAM AG - Overview
ams OSRAM AG - Business segments
ams OSRAM AG - Key news
ams OSRAM AG - Key offerings
ams OSRAM AG - Segment focus
11.5 ANYLUX Co. Ltd.
ANYLUX Co. Ltd. - Overview
ANYLUX Co. Ltd. - Product / Service
ANYLUX Co. Ltd. - Key offerings
11.6 Backsan LNT Co. Ltd.
Backsan LNT Co. Ltd. - Overview
Backsan LNT Co. Ltd. - Product / Service
Backsan LNT Co. Ltd. - Key offerings
11.7 DSE Co. Ltd.
DSE Co. Ltd. - Overview
DSE Co. Ltd. - Product / Service
DSE Co. Ltd. - Key offerings
11.8 Eaton Corp plc
Eaton Corp plc - Overview
Eaton Corp plc - Business segments
Eaton Corp plc - Key news
Eaton Corp plc - Key offerings
Eaton Corp plc - Segment focus
11.9 Everlight Electronics Co. Ltd.
Everlight Electronics Co. Ltd. - Overview
Everlight Electronics Co. Ltd. - Product / Service
Everlight Electronics Co. Ltd. - Key offerings
11.10 Hwashin Korea Co. Ltd.
Hwashin Korea Co. Ltd. - Overview
Hwashin Korea Co. Ltd. - Product / Service
Hwashin Korea Co. Ltd. - Key offerings
11.11 LG Innotek Co. Ltd.
LG Innotek Co. Ltd. - Overview
LG Innotek Co. Ltd. - Business segments
LG Innotek Co. Ltd. - Key offerings
LG Innotek Co. Ltd. - Segment focus
11.12 Lumileds Holding BV
Lumileds Holding BV - Overview
Lumileds Holding BV - Product / Service
Lumileds Holding BV - Key offerings
11.13 Nichia Corp.
Nichia Corp. - Overview
Nichia Corp. - Product / Service
Nichia Corp. - Key news
Nichia Corp. - Key offerings
11.14 Samsung Electronics Co. Ltd.
Samsung Electronics Co. Ltd. - Overview
Samsung Electronics Co. Ltd. - Business segments
Samsung Electronics Co. Ltd. - Key news
Samsung Electronics Co. Ltd. - Key offerings
Samsung Electronics Co. Ltd. - Segment focus
11.15 Seoul Semiconductor Co. Ltd.
Seoul Semiconductor Co. Ltd. - Overview
Seoul Semiconductor Co. Ltd. - Product / Service
Seoul Semiconductor Co. Ltd. - Key offerings
11.16 SMART Global Holdings Inc.
SMART Global Holdings Inc. - Overview
SMART Global Holdings Inc. - Business segments
SMART Global Holdings Inc. - Key offerings
SMART Global Holdings Inc. - Segment focus
11.17 Zhejiang Future Lighting Co. Ltd.
Zhejiang Future Lighting Co. Ltd. - Overview
Zhejiang Future Lighting Co. Ltd. - Product / Service
Zhejiang Future Lighting Co. Ltd. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Application
Exhibits5: Executive Summary - Chart on Market Segmentation by Product
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibits14: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibits15: Chart on South Korea: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on South Korea: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on LED Lighting Market in South Korea 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Application - Market share 2023-2028 (%)
Exhibits28: Data Table on Application - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Application
Exhibits30: Data Table on Comparison by Application
Exhibits31: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits39: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits40: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits41: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits42: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits43: Chart on Outdoor - Market size and forecast 2023-2028 ($ million)
Exhibits44: Data Table on Outdoor - Market size and forecast 2023-2028 ($ million)
Exhibits45: Chart on Outdoor - Year-over-year growth 2023-2028 (%)
Exhibits46: Data Table on Outdoor - Year-over-year growth 2023-2028 (%)
Exhibits47: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits48: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits49: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits50: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits51: Market opportunity by Application ($ million)
Exhibits52: Data Table on Market opportunity by Application ($ million)
Exhibits53: Chart on Product - Market share 2023-2028 (%)
Exhibits54: Data Table on Product - Market share 2023-2028 (%)
Exhibits55: Chart on Comparison by Product
Exhibits56: Data Table on Comparison by Product
Exhibits57: Chart on LED lamps - Market size and forecast 2023-2028 ($ million)
Exhibits58: Data Table on LED lamps - Market size and forecast 2023-2028 ($ million)
Exhibits59: Chart on LED lamps - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on LED lamps - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on LED luminaires - Market size and forecast 2023-2028 ($ million)
Exhibits62: Data Table on LED luminaires - Market size and forecast 2023-2028 ($ million)
Exhibits63: Chart on LED luminaires - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on LED luminaires - Year-over-year growth 2023-2028 (%)
Exhibits65: Market opportunity by Product ($ million)
Exhibits66: Data Table on Market opportunity by Product ($ million)
Exhibits67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits68: Impact of drivers and challenges in 2023 and 2028
Exhibits69: Overview on criticality of inputs and factors of differentiation
Exhibits70: Overview on factors of disruption
Exhibits71: Impact of key risks on business
Exhibits72: Companies covered
Exhibits73: Matrix on companies position and classification
Exhibits74: Acuity Brands Inc. - Overview
Exhibits75: Acuity Brands Inc. - Business segments
Exhibits76: Acuity Brands Inc. - Key offerings
Exhibits77: Acuity Brands Inc. - Segment focus
Exhibits78: ams OSRAM AG - Overview
Exhibits79: ams OSRAM AG - Business segments
Exhibits80: ams OSRAM AG - Key news
Exhibits81: ams OSRAM AG - Key offerings
Exhibits82: ams OSRAM AG - Segment focus
Exhibits83: ANYLUX Co. Ltd. - Overview
Exhibits84: ANYLUX Co. Ltd. - Product / Service
Exhibits85: ANYLUX Co. Ltd. - Key offerings
Exhibits86: Backsan LNT Co. Ltd. - Overview
Exhibits87: Backsan LNT Co. Ltd. - Product / Service
Exhibits88: Backsan LNT Co. Ltd. - Key offerings
Exhibits89: DSE Co. Ltd. - Overview
Exhibits90: DSE Co. Ltd. - Product / Service
Exhibits91: DSE Co. Ltd. - Key offerings
Exhibits92: Eaton Corp plc - Overview
Exhibits93: Eaton Corp plc - Business segments
Exhibits94: Eaton Corp plc - Key news
Exhibits95: Eaton Corp plc - Key offerings
Exhibits96: Eaton Corp plc - Segment focus
Exhibits97: Everlight Electronics Co. Ltd. - Overview
Exhibits98: Everlight Electronics Co. Ltd. - Product / Service
Exhibits99: Everlight Electronics Co. Ltd. - Key offerings
Exhibits100: Hwashin Korea Co. Ltd. - Overview
Exhibits101: Hwashin Korea Co. Ltd. - Product / Service
Exhibits102: Hwashin Korea Co. Ltd. - Key offerings
Exhibits103: LG Innotek Co. Ltd. - Overview
Exhibits104: LG Innotek Co. Ltd. - Business segments
Exhibits105: LG Innotek Co. Ltd. - Key offerings
Exhibits106: LG Innotek Co. Ltd. - Segment focus
Exhibits107: Lumileds Holding BV - Overview
Exhibits108: Lumileds Holding BV - Product / Service
Exhibits109: Lumileds Holding BV - Key offerings
Exhibits110: Nichia Corp. - Overview
Exhibits111: Nichia Corp. - Product / Service
Exhibits112: Nichia Corp. - Key news
Exhibits113: Nichia Corp. - Key offerings
Exhibits114: Samsung Electronics Co. Ltd. - Overview
Exhibits115: Samsung Electronics Co. Ltd. - Business segments
Exhibits116: Samsung Electronics Co. Ltd. - Key news
Exhibits117: Samsung Electronics Co. Ltd. - Key offerings
Exhibits118: Samsung Electronics Co. Ltd. - Segment focus
Exhibits119: Seoul Semiconductor Co. Ltd. - Overview
Exhibits120: Seoul Semiconductor Co. Ltd. - Product / Service
Exhibits121: Seoul Semiconductor Co. Ltd. - Key offerings
Exhibits122: SMART Global Holdings Inc. - Overview
Exhibits123: SMART Global Holdings Inc. - Business segments
Exhibits124: SMART Global Holdings Inc. - Key offerings
Exhibits125: SMART Global Holdings Inc. - Segment focus
Exhibits126: Zhejiang Future Lighting Co. Ltd. - Overview
Exhibits127: Zhejiang Future Lighting Co. Ltd. - Product / Service
Exhibits128: Zhejiang Future Lighting Co. Ltd. - Key offerings
Exhibits129: Inclusions checklist
Exhibits130: Exclusions checklist
Exhibits131: Currency conversion rates for US$
Exhibits132: Research methodology
Exhibits133: Information sources
Exhibits134: Data validation
Exhibits135: Validation techniques employed for market sizing
Exhibits136: Data synthesis
Exhibits137: 360 degree market analysis
Exhibits138: List of abbreviations

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